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Does Sudden Wealth Contribute to a Divorce?
There are several reasons why couples get divorced, including infidelity, lack of commitment, and unrealistic expectations. While couples often experience marital stress when having trouble making ends meet, a sudden and significant increase in income can also cause couples to divorce. Researchers from New York University, Stockholm School of Economics and the University of Barcelona …
Kroy Biermann and Kim Zolciak Fear a Second Foreclosure
Retired Atlanta Falcon linebacker Kroy Biermann is asking the Georgia courts to permit him to sell his $3 million estate due to being financially destitute. Biermann and his estranged wife, Kim Zolciak, cannot sell the residence due to a $1.1 million IRS lien placed on it, which they cannot pay. In addition to the lien, …
How Is Inheritance Divided in a Divorce?
If you have inherited property or other assets of significant value, you must take the necessary steps to ensure that your inheritance is protected if you and your spouse get divorced. While all marital property is subject to the equitable distribution rule in New Jersey, inheritances are generally considered separate property, meaning they are not …
What Are My Options if I Cannot Afford a Divorce?
Divorce can be costly, mainly if you and your spouse cannot agree on key issues. Fortunately, there are options available that can make the divorce process more affordable, even if you have limited financial resources. The following are examples of steps you can take to obtain a divorce if you cannot afford to hire a …
Navigating the Sale of Your Home While Going Through a Divorce
Divorce is a challenging life event that can take a toll emotionally, mentally, and financially. If you find yourself having to sell your marital home, it can add an additional layer of complexity to an already difficult situation. These essential steps can help you to overcome potential hurdles and work toward a successful outcome. Open …
Will Negotiating With My Ex Help Speed Up Our Divorce Proceedings?
Finalizing a divorce can be time-consuming, particularly if you and your spouse cannot agree on key issues like child support, custody, spousal support, and the distribution of marital property. If one or both spouses refuse to be flexible or be willing to negotiate about specific issues, settling can take years. However, if you can set …
Which legal documents should be on my child’s checklist as we pack for college?
Parents naturally want the best for their children at every stage of their lives. The transition to college is an especially important time in life. A significant amount of planning and resources are spent with the college selection process and the “big” decision. Getting ready for freshman move-in involves even more coordination and lots of …
Should I Separate From My Spouse Before Filing for Divorce?
Ending a marriage is not a decision that couples make lightly. Legal, financial, and logistical matters will need to be resolved, as well as complex custody and child support matters to address if the couple has children. Divorce may be the only option that makes sense. However, in some cases, one or both spouses may …
Actor Kevin Costner Claims Wife Is Violating Prenuptial Agreement
Actor Kevin Costner, who is divorcing his wife of 20 years, Christine Baumgartner, claims she is violating the terms of a prenuptial agreement the pair entered in 2004. According to the actor’s lawyers, the agreement stipulates that Baumgartner is to vacate their Santa Barbara home within 30 days of legal separation, a residence he purchased …
How are Mortgages Handled during Divorce Litigation?
When it comes to mortgage opportunities for divorcees, there are several options to consider. It’s important to note that being a divorcee does not disqualify you from obtaining a mortgage. Your eligibility will depend on factors such as income, credit history, and assets. Here are a few options to explore: It is crucial to consult …
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